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"This is a straight-talking, no frills guide to real-life inventory management. It has the most thorough introduction available. It features: no abstract theories; just ready-to-use information for new or recently promoted inventory pros; simple, effective formulas and calculations applicable to both finished-goods and manufacturing inventories; and complete troubleshooting strategies. It covers entire breadth of inventory management responsibilities: warehouse layout and physical control, forecasting and replenishment, legal obligations and theft prevention, crisis management, and more."

"Inventory management is about more than counting what you've got. It's about understanding business realities and making decisions that balance current demand with future needs while keeping overhead and operating costs to a minimum. Now in its Second Edition, "Essentials of Inventory Management" gives inventory professionals the information they need to maximize productivity in key areas, from physical stock issues to problem identification and resolution to technologies like RFID and other automated inventory mechanisms. Perfect for novice and veteran managers alike, this ultra-practical book covers topics such as: forecasting and replenishment strategies; differences between retail and manufacturing inventories; materials requirements planning and just-in-time inventory systems; simple formulas for calculating quantities and schedules; management of inventory as a physical reality and a monetary value; and, supply chain risk management. Complete with detailed examples, handy tools, and a revised and expanded chapter analyzing 'Why Inventory Systems Fail and How to Fix Them', this nontechnical yet thorough guide is perfect for both instructional and on-the-job use.;;"

"Innventory as both a tangible and an intangible object -- Inventory as money -- Physical location and control of inventory -- Automatic identification -- Planning and replenishment concepts -- Why inventory systems fail and how to fix them -- Basics of supply chain risk management."

"Pemborosan inventory disebabkan karena tidak adanya koordinasi dalam sistem Supply Chain Management. Koordinasi antara vendor dan buyer dapat mengurangi biaya inventory dalam sistem. Dengan metode joint economic lot size akan ditentukan lot produksi dan lot order yang optimal bagi vendor dan buyer. Dalam penelitian ini juga diusulkan penerapan metode quantity discount. Dari penelitian ini diperoleh nilai lot produksi dan lot order optimal serta nilai quantity discount. Selain itu, diperoleh juga perbandingan besarnya biaya inventory model independen dengan model koordinasi. Pengaruh perubahan parameter terhadap perilaku model diteliti dengan sensitivity analysis terhadap beberapa parameter kunci.

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The problem of inventory loose is caused by non co¬ordination in the Supply Chain Management. Co¬ordination between vendor and buyer could minimize inventory cost in the system. Joint economic lot size method will determined the optimal lot production and lot order for vendor and buyer. This research also propose the quantity discount method. From this research, the joint economic lot size production and order and the value of the quantity discount are obtained. Also, the differences of inventory cost between independent model and co¬ordination model are obtained. Finally, A sensitivity analysis is performed to explore the effect of key parameters. "

"PT. XYZ, salah satu perusahaan minyak dan gas swasta yang beroperasi di di Indonesia, berkewajiban untuk menandatangani perjanjian dengan Pemerintah Indonesia (diwakili oleh SKK Migas) dalam bentuk Kontrak Bagi Hasil (PSC) sebagai dasar untuk beroperasi di Indonesia. Semua biaya pengembangan lapangan minyak dan gas (investasi dan operasi) yang telah menerima persetujuan dari SKK Migas, dapat dibebankan sebagai cost recovery sesuai dengan perjanjian dalam PSC. Dalam melaksanakan operasinya, manajemen persediaan memainkan peran penting dalam mendukung keberhasilan operasi perusahaan. Persediaan adalah salah satu investasi tunai terbesar dalam bisnis, karena itu pengambilan keputusan investasi dalam hal persediaan harus dilakukan dengan hati-hati. Mengelola investasi ini adalah kunci untuk mencapai sukses. Persediaan yang tidak bergerak dan menyedot sumber daya kas harus dihilangkan dengan mengubah kas tersebut menjadi sumber daya yang produktif. Penelitian ini dilakukan pada PT. XYZ dengan dasar tingkat persediaan perusahaan yang meningkat setiap tahunnya dan rasio surplus perusahaan yang tinggi. Metode yang digunakan dalam penelitian ini adalah deskriptif kualitatif dengan didukung oleh data aktual dari PT. XYZ dan wawancara dengan para ahli dalam hal persediaan dan manajemen PT. XYZ. Hasil penelitian adalah usulan strategi yang dapat diterapkan oleh PT. XYZ untuk meningkatkan efektifitas proses manajemen persediaan.

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PT. XYZ, a multinational oil company that operated in Indonesia, is obligatory on using Production Sharing Contract (PSC) Agreement with the Government of Indonesia (represented by SKK Migas) as a basis for operating in Indonesia. All oil and gas field development costs (investment and operation) by which have received the approval of SKK Migas, can be charged as cost recovery in accordance with the PSC agreement. In carrying out its operations, inventory management plays an important role in supporting the success of the company's operations. Inventory is one of the largest cash investments in businesses therefore the decision on new investments in inventory should be considered carefully. Managing this investment is the key to achieve successes. Inventory that is inactive and siphoning cash resources should be eliminated by changing the wasted cash back into a productive resource. The research was conducted at PT. XYZ on the basis of the company inventory level that increasing each year and high Surplus Ratio. The methodology used in this research is a descriptive qualitative study which supported by actual data from PT. XYZ and interview with expert in inventory and management of PT. XYZ. The results of the research are proposing strategy to be implemented by PT. XYZ to improve the effectiveness of PT. XYZ inventory management process."

"The classical inventory models usually consider deterioration rate and demand rate as constant quantities, but, in the practical situations, the deterioration rate and the demand rate are uncertain in nature. In this paper, a new two-warehouse inventory model with fuzzy deterioration rate and fuzzy demand rate under conditionally permissible delay in payment is developed. The deterioration rate and demand rate are considered as right-shaped fuzzy numbers. The objective was to obtain the optimum value of the fuzzy total cost. The numerical examples are also considered to compare the crisp model and its corresponding fuzzy model. Finally, a sensitivity analysis is carried out to get the sensitiveness of the tolerance of different input parameters."